The WSJ and others have described the flow of funds in the stimulus bill and it is amazing. Something in the range of less than 10% would be expended in the first year and less than a third of the spending would occur in the next fiscal year.
For the first time in our history the country faces annual trillion dollar deficits that possibly last for a couple of years and yet the stimulus bill proposes to spend only a tiny amount of the money in the first year. The rationale for this bill is to prime the pump for a sagging economy. Thus, when the bill was developing the various mendicants were asked to have "shovel ready" projects. In my naivete I had thought that meant projects that could be implemented quickly. I guess the term means projects ready to help the politicians load some more BS on their constituents.
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